This is a service / maintenance or supply contract in Brackley, Prince Edward Island. Contact the soliciting agency for additional information.

Description of Work: To supply, mix (if required) and transport winter sand in accordance with the specifications and provisions of this contract. Bid and Performance Security The Contractor hereby and herewith deposits with and delivers to the Minister, as security of the due fulfilment of the Contract, one of the following, which shall remain in effect for a minimum of 30 days after Tender Closing: a) a certified cheque in the amount of ten percent (10%) of the Tender Value, excluding HST. OR b) a Bid Format irrevocable standby letter of credit on a Government approved form in the amount of ten percent (10%) of the Tender Value, excluding HST. OR c) a bid bond in the amount of ten percent (10%) of the Tender Value, excluding HST. The bond shall be from a surety company authorized to carry on business in Canada guaranteeing to supply a performance bond equal to 50% of the Contract Value, excluding HST and a labour and material bond equal to 25% of the Contract Value, excluding HST. Performance Security which shall be held and retained by the Minister as security for the due and faithful performance, observance and fulfilment by the Contractor of all the covenants, provisos, agreements, conditions and reservations in this Contract contained on the part of the Contractors to be observed, performed and complied with shall be in the form of: d) a certified cheque in the amount of ten percent (10% ) of the Contract Value, excluding HST, which shall be retained until Substantial Completion of the Contract. OR e) a Performance Format irrevocable standby letter of credit on a Government approved form in the amount of ten percent ( 10% ) of the Contract Value, excluding HST, which shall be retained until November 30th in the year of the Contract or until Substantial Completion. OR f) a performance bond equal to 50% of the Contract Value, excluding HST and a labour and materials bond equal to 25% of the Contract Value, excluding HST which shall be retained until the warranty period of one (1) year has elapsed. The bidder will forfeit security to the Minister if the bidder fails to enter into or carry out the contract when called upon to do so. It is understood and agreed that the Contractor assumes risk and must bear any loss in respect to the performance security as aforesaid, occasioned by the failure or insolvency of the banks on which any cheque was drawn or in which any deposit was made in connection with the security aforesaid